PROJECT

Projects

Summary of Investment Information

Project Number

42711

Company Name

BANCO SANTANDER BRASIL SA

Date SPI Disclosed

Sep 18, 2020

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Jun 26, 2020

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Mar 7, 2022

Department

Regional Industry - FIG LAC

Industry

Financial Markets

Previous Events

Approved : Jun 26, 2020
Signed : Sep 30, 2020
Invested : Oct 2, 2020

Sector

Commercial Banking - SME Finance

Additional Project Attributes

Blended Finance

Project Description

The proposed investment envisages a senior debt facility of up to US$100 million to Banco Santander (Brasil) S.A. (“Santander” or the “Bank”) under IFC’s COVID-19 Working Capital Solutions (“WCS”) Crisis Response Facility. The proposed WCS loan consists of a one-year facility, renewable for up to one additional year, and will be allocated as follows: (i) US$50 million for the Bank’s climate-related lending program to Brazilian small and medium enterprises (“SMEs”) and/or individuals and (ii) US$50 million for the Bank’s working capital lending program to Brazilian SMEs, of which at least 20% of the loan proceeds will be earmarked to support women and women-owned/women-led enterprises (the “Project”).  

Associated Advisory Engagement

Not Applicable.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation